6196 Thorman Rd

Port Charlotte, FL 33981
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2 bd, 2 ba | 1,908 sqft | Built in 1974

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List Price
$249,900

Initial Investment

$68,098

Purchase Price

$249,900

Down Payment

25%

Rent

$1,740

Total Return

$186,730

Annualized Return

29.9%

Cap Rate

5.3%

Gross Yield

8.4%

Cash Flow

-$1,071

Appreciation

12.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,000

HOA

$37/mo

Flood Risk

High Risk - Zone AE

Welcome to your slice of paradise in the Gardens of Gulf Cove! Nestled within this vibrant community, this two-bedroom, two-bathroom home embodies the essence of Florida living with its exquisite features and resort-style amenities. As you approach, you're greeted by lush landscaping that sets the stage for the beauty that lies within. This home has a seamless flow from the living room to the dining room and family room, offering ample space for relaxation and entertaining. The heart of this home lies in its well-appointed kitchen, with a convenient pass-through to the family room and pull-out drawers as well as dividers in many of the cabinets. After a day of exploration or relaxation, retreat to the large expanded covered lanai, where every moment feels like a vacation. Rain or shine, you can enjoy the tranquility of the outdoors in this versatile space. And for those cool evenings, imagine gathering around a crackling fire pit that would be perfect for the adjacent area next to the lanai. Also partially fenced for privacy! Inside, the charm continues with tiled flooring throughout the main living areas and LVT flooring in the bedrooms. This home has been meticulously maintained, boasting a new roof and a newer hot water heater for added peace of mind. The air conditioning system, just four to five years old, ensures year-round comfort. The electric panel has also been updated! For those who love to stay organized, the garage has been thoughtfully designed with extra counter space, refrigerator, and storage options, without sacrificing room for your car. Plus, with a large storage shed, you'll have plenty of space for all your outdoor essentials. As a resident of the Gardens of Gulf Cove, you'll enjoy access to two community centers, each with a pool and a plethora of activities for residents and their guests. From low-impact aerobics to social gatherings and everything in between, there's always something exciting happening in this vibrant community. So why wait? Immaculately clean and ready for you to move in, this home offers the perfect blend of comfort, convenience, and community. Don't miss your chance to experience the Florida lifestyle at its finest!

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$19,836

Expenses

-$3,971

Property Taxes

-$3,350

Loan Payments

-$13,586

Net Cash Flow

-$1,071

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Rhonda Gustitus
Agent License 613012
KW PEACE RIVER PARTNERS
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #C7490285
Last Updated: 03/26/2024 20:03
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